726: Unpacking SAP's 2024 Economist Impact Report W/ Baber Farooq

726: Unpacking SAP's 2024 Economist Impact Report W/ Baber Farooq

"One thing is very clear from our research: the skill sets for procurement are changing. Whatever the skill sets are today, they are not going to be the skill sets that are needed tomorrow." -Baber Farooq, Senior Vice President, Market Strategy, Procurement Solutions at SAP

SAP recently released the 2024 results of their annual Economist Impact survey. It contains insights into the overall health of procurement and provides a look at C-suite perspectives on procurement's role and reputation in the business and the most pressing challenges and opportunities facing them today.

This year, they surveyed over 2,300 C-suite executives across procurement and other functional areas and C-suite positions.

To unpack the survey results, Philip Ideson is joined in conversation by Baber Farooq, Senior Vice President, Market Strategy, Procurement Solutions at SAP.

In addition to discussing key findings and insights, they talk about:

  • How this year's responses differ from previous years and what these new trends say about the future of procurement
  • Major factors impacting the procurement operating model, including new reporting structures, compliance demands, and sustainability expectations
  • How digitization is putting pressure on (and opening new opportunities for) traditional procurement organizations

Links:

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Episoder(916)

875: How to Transform Every Procurement Partnership W/ Kate Vitasek

875: How to Transform Every Procurement Partnership W/ Kate Vitasek

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EP 11: Provider of the Week: Valdera

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874: Building Resilience Beyond Tier One: Hard Truths About Risk and Visibility W/ Harald Nitschinger

874: Building Resilience Beyond Tier One: Hard Truths About Risk and Visibility W/ Harald Nitschinger

"Resilience doesn't mean a supply chain that doesn't see risk. That's impossible. It means setting yourself up to withstand shocks and disruptions." - Harald Nitschinger, Co-founder and CEO, Prewave T...

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873: Creating Capacity for Complex Problem Solving W/ Israel Santiesteban

873: Creating Capacity for Complex Problem Solving W/ Israel Santiesteban

"We need to evolve from procurement professionals into business leaders with procurement expertise." - Israel Santiesteban, Former Chief Procurement Officer and Head of Supply Chain The next evolution...

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EP 10: Supplier Management as a Connected Discipline W/ Jesse Lee

EP 10: Supplier Management as a Connected Discipline W/ Jesse Lee

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872: Beyond Automation: Accelerating Agentic AI Transformation in Procurement W/ Vishal Patel

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"The future of procurement isn't actually AI. It's people using AI to improve business outcomes and improve their own value add." - Vishal Patel, SVP Product & Customer Marketing at Ivalua Many procur...

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871: The New Rules of Procurement Leadership W/ Gary Mizhir

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"I measure success by the number of executives that come to us before they make decisions." - Gary Mizhir, Senior Director Head of Innovation & Excellence, FIS The pressure to move from tactical cost ...

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EP 09: Provider of the Week: ProcureAbility

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17 Jun 25min

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